UBS Group Correlations

Stocks . USA . 
Stock . UBS Group AG
UBS Stock  USD 31.98  0.69  2.11%   
The current 90-days correlation between UBS Group AG and Citigroup is 0.79 (i.e., Poor diversification). The correlation of UBS Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

UBS Group Correlation With Market

Poor diversification

The correlation between UBS Group AG and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS Group AG and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with UBS Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UBS Group AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with UBS Stock

  0.91C CitigroupPairCorr
  0.86BK Bank of New YorkPairCorr
  0.93BAC Bank of AmericaPairCorr
  0.86BCS Barclays PLC ADRPairCorr
  0.79BMO Bank of MontrealPairCorr
  0.65BNS Bank of Nova ScotiaPairCorr
  0.86ING ING Group NVPairCorr
  0.75JPM JPMorgan ChasePairCorr
  0.85JPM-PC JPMorgan ChasePairCorr
  0.75NTB Bank of NTPairCorr
  0.76SAN Banco Santander SAPairCorr
  0.91WFC Wells FargoPairCorr
  0.92HSBC HSBC Holdings PLCPairCorr
  0.78BAC-PE Bank of AmericaPairCorr
  0.88MUFG Mitsubishi UFJ FinancialPairCorr
  0.82SMFG Sumitomo Mitsui FinancialPairCorr
  0.79BBVA Banco Bilbao ViscayaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between UBS Stock performing well and UBS Group Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze UBS Group's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
C  1.64  0.17  0.06  0.15  2.90 
(1.72)
 3.26 
(3.46)
 14.99 
BCS  1.80  0.15  0.05  0.15  2.73 
(1.76)
 3.08 
(3.09)
 13.68 
HSBC  1.35  0.08  0.03  0.12  2.21 
(1.36)
 3.47 
(2.85)
 10.30 
NU  2.24  0.13  0.04  0.15  3.06 
(2.18)
 4.48 
(6.11)
 15.79 
ING  1.39  0.10  0.05  0.13  1.98 
(1.38)
 3.03 
(2.64)
 12.16 
NWG  1.46  0.29  0.12  0.34  2.09 
(1.52)
 3.02 
(2.34)
 13.88 
SAN  1.61  0.31  0.10  0.32  2.56 
(1.61)
 3.48 
(3.00)
 15.55 
RY  0.96  0.20  0.13  0.37  1.20 
(1.02)
 2.39 
(2.24)
 8.28 
BBVA  1.47  0.16  0.06  0.19  2.45 
(1.44)
 2.99 
(2.42)
 14.48 
BAC  1.43  0.14  0.05  0.15  2.71 
(1.40)
 3.59 
(3.22)
 14.13 

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